Gold Is Just a Rock That’s Yellow, Not an Investment

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 17 May 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	The episode is sponsored by Smart Vester.
0:07.0	You're listening to Ramsey Everyday Millionaires,
0:12.0	where we talk investing, retirement, building wealth,
0:15.0	and outrageous generosity.
0:17.0	Kevin's with us, Kevin.
0:19.0	It's him.
0:20.0	Corporate Christy, hey, Kevin, what's up?
0:22.0	Not much. Thanks for taking my call, Dave.
0:24.0	Sure, man. How can we help?
0:26.0	I am retired.
0:28.0	I was lucky enough to leave AT&T with a 401K and a retirement both.
0:36.0	I live off the retirement and social security after taxes.
0:40.0	I ain't net about 4,500 a month, which is fine for me because everything's paid for.
0:45.0	My house is paid for, my ranch is paid for, everything's debt-free.
0:51.0	I'm over 70 years old.
0:53.0	So, about a year and a half, two years, I'm going to have to start taking cuts from my 401K automatic payouts to the government.
1:03.0	Yeah, they require minimum distribution.
1:05.0	Right.
1:06.0	I don't use that money. It just sets there.
1:08.0	It was making money under the Trump administration.
1:10.0	It's kind of loses money right now.
1:12.0	Anyway, I don't really know what to do with that money because I don't need it.
	...

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